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When tossing a coin there can only be two outcomes; heads or tails. We know that the

probability of 🗝 the coin toss to land on either heads or tails are 50% each. In decimal

odds, this equals to an 🗝 odds of 2.00 for either outcome.

This is called the “fair odds”

and represents the true probability of an outcome to 🗝 occur if the bookmaker wouldn’t